Vacation Buy Back. Employees may buy back vacation hours provided they use the same or more vacation hours as the amount of cashed-out leave during that same fiscal year. If an employee buys back more vacation hours than are used in a fiscal year, an amount equal to the overage will be deducted, without compensation, from the employee’s vacation leave bank. • Employees with at least 10 years of service may buy back up to 1 week of vacation leave per fiscal year. • Employees with at least 15 years of service are eligible to buy back up to 2 weeks of vacation leave per fiscal year. • Employees with at least 20 years of service are eligible to buy back up to 3 weeks of vacation per fiscal year. Vacation buy-back requests shall be processed with regular month-end payroll. Employees shall submit a vacation buy-back intent to their Department Director for the following fiscal year by November 1 of each year. If the employee does not submit their request by November 1, the Department Director may grant the request if funds are available to accommodate the vacation buy-back request.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
